FAA Will Not Allow Boeing to Boost 737 Max Production Yet; US Q1 GDP Revised Down as Consumers Curbed Growth | Business Matters Full Broadcast (May 30)

Don Ma
By Don Ma
May 30, 2024Business Matters
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U.S. regulators will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, the agency’s administrator said on Thursday, after a three-hour meeting with company officials, including outgoing CEO Dave Calhoun.

The U.S. economy grew more slowly in the first quarter than previously estimated, after downward revisions to consumer spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates at least once before the end of the year.

Salesforce shares slumped about 18 percent on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.

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